Global X Gold Explorers ETF (NYSEARCA:GOEX) Sees Large Growth in Short Interest

Global X Gold Explorers ETF (NYSEARCA:GOEX) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 99,277 shares, an increase of 941.7% from the October 15th total of 9,530 shares. Based on an average daily volume of 3,876 shares, the short-interest ratio is presently 25.6 days. Approximately 6.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Global X Gold Explorers ETF

Institutional investors and hedge funds have recently modified their holdings of the business. International Assets Investment Management LLC lifted its position in shares of Global X Gold Explorers ETF by 55.6% during the 1st quarter. International Assets Investment Management LLC now owns 1,400 shares of the company’s stock valued at $125,000 after acquiring an additional 500 shares during the period. Approach Retirement Advisors LLC bought a new stake in Global X Gold Explorers ETF in the third quarter valued at $208,000. Cibc World Market Inc. bought a new stake in Global X Gold Explorers ETF in the third quarter valued at $298,000. Kestra Advisory Services LLC increased its stake in Global X Gold Explorers ETF by 201.8% in the first quarter. Kestra Advisory Services LLC now owns 4,086 shares of the company’s stock valued at $346,000 after purchasing an additional 2,732 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Global X Gold Explorers ETF during the third quarter valued at about $344,000.

Global X Gold Explorers ETF Trading Down 1.8%

NYSEARCA GOEX traded down $1.40 during trading hours on Wednesday, hitting $77.27. 4,583 shares of the company’s stock were exchanged, compared to its average volume of 22,299. The stock has a 50-day simple moving average of $82.55 and a 200 day simple moving average of $83.66. Global X Gold Explorers ETF has a 1-year low of $64.45 and a 1-year high of $110.19. The firm has a market cap of $112.81 million, a price-to-earnings ratio of 20.37 and a beta of 0.89.

About Global X Gold Explorers ETF

The Global X Gold Explorers ETF (GOEX) is an exchange-traded fund that mostly invests in materials equity. The fund tracks a market-cap-weighted index of global stocks in the gold mining industry as an explorer or developer. GOEX was launched on Nov 3, 2010 and is managed by Global X.